jenna: steve moore, senior economics writer at "wall street journal." so, steve, politics is one thing. let's talk about the economy first and foremost here. what does this mean right now, not having an agreement? what kind of impact may it have on our economy? >> you know, it's amazing, jenna, about this story you and i been talking about this what, five weeks about the fiscal cliff. jenna: feels like forever, steve, by the way. >> it does. what this means, what happened yesterday, jenna it means we're no closer today to a deal than we were five weeks ago. as remarkable as that may seem. the republicans made one last-ditch effort yesterday. john boehner did, to try to get something through the house. when i talk to house conservatives what they said, look, we're not going to vote for any tax increase until the president starts putting serious spending reforms on the table. what all of this means, jenna in terms of markets is, they're very jittery right now. they're very concerned and i am, for the first time in five weeks, jenna, i'm concerned we may a